Business Egypt Emerging Markets Features Headlines

Egypt, Georgia ink agreement to promote investment cooperation

The General Authority for Investment and Free Zones’ (GAFI) CEO Hossam Haiba and CEO of Enterprise Georgia Mikheil Khidureli have signed a memorandum of understanding (MoU) to enhance investment cooperation between the two countries, the Egyptian side said in a statement on Monday. Enterprise Georgia is the corporate body responsible for promoting Georgian investment and […]

Features Headlines Tunisia

Hundreds of Kais Saied’s supporters hold protest against ‘traitors’

Several hundreds of Tunisians supporting President Kais Saied rallied Monday in capital Tunis to beef up backing to the unpopular leader and called out “traitors” who they believe are colluding with foreign entities. “The people want the country to be cleansed!” they chanted in a central Tunis avenue. The support comes in time of mounting […]

Africa Business Energy International

Australian firm Fortescue Metals plans 300 MW green ammonia plant in Kenya

Australian firm Fortescue Metals is planning to develop a 300 megawatts (MW) green ammonia and fertiliser facility in Kenya. The project could soon start as plans are in an advanced stage, reports Business Dailyn adding that the business marks Kenya’s first green ammonia energy production. The facility will boost the African nation’s growing clean energy […]

Africa Business Headlines International

Tanzania becomes Africa’s food-producing hub, aided by conducive business environment

Tanzania, besides becoming an apex investment destination in Africa, has now developed as a food-producing hub in the continent, according to latest data from the Bank of Tanzania (BoT) and the Ministry of Agriculture. The food production boom in the East African country was possible thanks to the initiatives of its current administration, which has […]

Americas Emerging Markets Headlines International Morocco

Morocco-U.S.A. strategic partnership reviewed this week in Washington

Moroccan Foreign Minister Nasser Bourita started Monday a working visit to Washington, as part of the regular consultations between the two countries that aim to consolidate their strategic partnership that has grown significantly in recent years in all areas and exchanging views on various regional and international issues. During this visit, Bourita will have a […]

Americas Business Emerging Markets Headlines International Morocco

US magazine ranks Morocco’s Rabat among 50 greatest destinations in 2023

Morocco’s capital city Rabat is among the 50 greatest destinations to explore in 2023, according to American news magazine Time. The ranking was based on steeper costs and increased interest in sustainability and authenticity. Artistic and cultural reinvention is bringing new life to the capital city of Rabat, the magazine wrote, noting that in 2023, […]

Africa Europe Headlines International Morocco

Influential U.S. Senator calls for moving AFRICOM headquarters to Morocco

U.S. Senator Dan Sullivan has called for transferring the headquarters of the U.S. Africa Command (AFRICOM) from Stuttgart, Germany, to Morocco, a major U.S. Ally of the United States in Africa. The Republican senator (Alaska) made the call during the latest hearing of Gen. Michael Langley by the Senate Armed forces Committee. “Morocco is an […]

Africa Community Emerging Markets Headlines International Morocco

COM2023: Morocco calls for refocusing spending on better forms of social protection, income support

Morocco called, Monday in Addis Ababa before the 55th session of the Conference of African Ministers of Finance, Planning and Economic Development (COM2023), for refocusing spending on better targeted forms of social protection alongside income support. The Kingdom also pleaded for adequate political and technical support to initiatives aimed at facilitating cash transfers, such as […]

Africa Business Emerging Markets Headlines International Morocco

Africa’s top 500 companies: champions in mining, oil, construction powering ahead

‘A revival with fanfare’ is how the latest ranking of the most important 500 African companies drawn up by Jeune Afrique magazine might be best described, with profits amounting to $80,84bn in total. After analyzing the results of more than 1,200 companies, the French-language pan-African weekly news magazine unveiled its exclusive ranking of the 500 […]

Africa Business Emerging Markets Headlines International Morocco

Morocco’s Arma seeks African expansion

Like many state and private Moroccan companies, waste management company Arma said it plans to set up a waste management plant in Abidjan where it is finalizing deals with suppliers. The company’s CEO Youssef Ahizoun told Reuters the plastic waste recycling plant would be ready within few months. Arma investment would be the first by […]